BUSINESS● ELEVATEDAug 23 · Aug 23, 2026, 3:35 PM
US warns Canada not to think it can win ‘devastating’ trade war
South China Morning Post
The Trump administration on Sunday warned that Canada would be “foolish” to think it could win a trade war with the United States, predicting a “devastating” impact on its northern neighbour. Negotiations between Washington and Ottawa broke down late Friday, putting into force new 50 per cent US tariffs impacting about US$20 billion worth of Canadian goods, or 5.5 per cent of Canadian exports to the US. Canada in retaliation said it would match US tariffs, with new levies notably targeting the...
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